Detailed review of China coke market for H1 2005 and forecast for H2 2005 [steelonthenet]

From 2005, along with the gradual operation of newly added coke
production equipment, weakening coke export and improving railway
transportation situation, China domestic coke supply situation has
become better.

Statistical data shows that China has mainly produced 90.9696 mt of
coke for Jan-May 2005, up 30.3% year on year, much higher than the
crude steel growth rate of 27.4%.

As coking enterprises production situation has been inconsistent
with that of steel enterprises, leading to double pressure for
coking enterprises. On the one hand, the upstream coal suppliers
have raised their price level with harsh payment terms and declining
coal quality; on the other hand, downstream steel enterprises are
having higher requirement on coke quality with prolonged payment
span, thus coking enterprises have suffered severe profit drop
consequently and certain coking enterprises normal production has
been endangered also.

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